Recently, the Douyin Security Center issued a penalty announcement on cracking down on illegal securities activities such as "illegal stock recommendation".
In response to the discovered illegal content and accounts, the platform has adopted measures including content removal, data reset, and account banning, among which some accounts have been banned indefinitely. The original text is as follows:
Douyin's announcement on the punishment of cracking down on illegal securities activities such as "illegal stock recommendation".
Douyin has always been committed to creating a clean and upright community environment, and has long and resolutely cracked down on all kinds of illegal securities activities, including "illegal stock recommendation". In the past month, Douyin has managed more than 3,600 illegal accounts related to the stock market and more than 15,000 illegal contents.
With the recent rise in the popularity of the capital market, there has been an increase in illegal securities activities on the platform, such as individual accounts directly calling on fans to take full positions on a specific stock, and a small number of accounts have published diversion content such as "unraveling", "sending information" and "adding group guidance" through content hints, private messages, group chats, etc., to induce users to "illegally recommend stocks" or commit fraud outside the site.
The platform has taken measures to deal with the illegal content and accounts that are discovered, including content removal, data reset, and account banning.
The platform reiterates that the following behaviors are serious violations and will take strict measures to deal with them once discovered:
1. "Illegal stock recommendation". In accordance with the laws and regulations of the mainland, the provision of direct or indirect paid consulting services such as securities investment analysis, forecasting or advice to investors is required to obtain a business license from the China Securities Regulatory Commission. Providing such services by an unlicensed institution or individual is considered an "illegal stock recommendation".
In accordance with relevant laws and regulations, Douyin strictly prohibits all kinds of "illegal stock recommendation" behaviors, including but not limited to:
Set up a live broadcast room and recommend stocks in the names of "anchors", "anchors" and "circle owners".
2. On the platform, through videos, group chats and other forms, attract attention with "sharing stock trading skills", "locking bull stocks", "recommending dark horse stocks", etc., and attract users to pay in various ways by means of "master guidance", "big guy watching the market" and "famous talking about stocks".
3. Use personal information, comments, videos and other content to create a "stock god" persona, direct users to various chat tools, provide users with stock investment analysis opinions, trading timing suggestions, and predict stock price trends.
4. Organizing illegal stock recommendation activities under the guise of selling courses on "investor education", "stock trading" and "financial intelligence".
Second, the "black mouth of the stock market". "Stock market shady mouth" refers to institutions and individuals who fabricate or disseminate false or misleading information, affect stock prices or trading volumes, or even manipulate the market for illegal benefits.
In accordance with relevant laws and regulations, Douyin strictly prohibits all kinds of "stock market black mouth" behaviors, including but not limited to:
1. Disrupting the securities market by fabricating or disseminating false or misleading information.
2. Disseminating false or uncertain material information to induce investors to make investment decisions, influencing the trading price or volume of securities, and conducting relevant transactions or seeking relevant benefits.
3. Publicly making evaluations, forecasts or investment recommendations on securities and their issuers and listed companies, misleading investors to make investment decisions, affecting the trading price or trading volume of securities, and conducting securities transactions in the opposite direction of their evaluations, forecasts and investment recommendations.
Douyin also reminds users to be vigilant against the above behaviors, especially when encountering situations such as investment consulting and wealth management on behalf of customers, etc., to be more cautious to avoid unnecessary property losses. Recently, the platform has disposed of a number of typical cases:
1. The account "Big Blue" recommends specific stocks. From the end of September to the beginning of October this year, the account repeatedly posted predictions for the rise and fall of specific stocks, such as "which stock to buy for novices to make money by speculating in stocks", "what I bought with me on the 30th has already earned money today", "open directly into a certain stock, I will never induce you to come in and I will ship", etc., inciting netizens to buy a specific stock in full positions. This behavior seriously violated laws and regulations, and the platform decided to ban the account indefinitely.
2. 9 accounts such as "Stock Sea Talent A Ming" and other 9 accounts divert private chat tools to recommend stocks. Between the end of September and the beginning of October this year, the above-mentioned accounts repeatedly posted content predicting the rise and fall of specific stocks, and left private chat tool contact information in personal profiles and other places to lure users to add and request "information". This behavior seriously violated laws and regulations, and the platform decided to ban the above 9 accounts indefinitely.
3. "Susu 123" and other 7 accounts issued stock code recommendations. From the end of September to the beginning of October this year, the above-mentioned accounts repeatedly posted handwritten content such as "big demon infested" and "big demon number", and the "big demon number" is actually a stock code. This behavior seriously violated laws and regulations, and the platform decided to ban the above 7 accounts indefinitely.
The platform will continue to crack down on all kinds of illegal securities activities. If users find relevant content on the platform, they can report it through the following channels:
1. Click the "Report" button in the APP and select the type of corresponding complaint to report;
